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Incorporate some form of weighted fair queueing in the head-of-line priority system so that the low-priority traffic is guaranteed to receive r bps out of the total bit rate R of the transmission link. Explain why this may be a desirable feature.How does this impact the performance of the high-priority traffic?
Primary School education is often used as an example of an activity that generates positive externalities. Let's assume that in a particular country, all primary education is provided by the private sector and private demand is perfectly elastic at a..
A monopolist is trying to decide how to allocate output between two markets (Market1 and market 2). The demand curve for the two markets is given by: P1 = 15-q1 and P2= 25-2q2. The cost function of the monopolist is C= 5+3q1+q2. Calculate the price o..
Calculate the ICER for the new treatment, assuming that the new treatment would replace the old one. In what quadrant is the ICER located in Figure 3-4? Is cost effectiveness analysis relevant? How does the answer change if the cost of the new treatm..
Over a period of two years, you made 24 monthly purchases of a stock. You paid $500 for the first month, and increased by $10 per month thereafter. At the end of the two years, you sold all the stock for a total of $18,000. What effective annual rate..
Imagine a simple economy of Fredonia that uses gold as its currency (only gold, not gold backed paper). Suppose that Fredonia finds itself deeply in debt and that its creditors who all live in the country of Sylvania demand the repayment of debt in g..
The author defines market equilibrium as generating the largest possible total surpluses and being efficient when four conditions are met. What is meant by "total surpluses", and what are the four conditions that must be met? Can you name a market in..
You are the manager of a firm that produces output in 2 plants. The demand function is P = 120 - 6Q where Q = Q1+Q2. MC associated with producing in 2 plants are MC1=2Q1 and MC2=4Q2. How much output should be produced in plant 1 in order to max profi..
Suppose a monopolist faces demand of Q = 300 – 2P and has a total cost curve of TC = 75Q + Q2. What is the firm’s marginal revenue? What is the firm’s marginal cost? Find the firm’s profit-maximizing price and profit.
Describe the least cost combination of L and K when output is produced at the rate of 1,000 tons per day. Determine the required outlay for 1,000 tons per day.
The demand curve for a particular good indicates the various quantities
Compensating differentials explain in part: how unions derive their bargaining power; why some people choose to aquire more human capital thatn others; how the income and substitution effects interact;
What do you think of the No Child Left Behind Act, especially its requirements that schools test their students annually? Do you think these test are accurate indicators of school quality? Do you see any problems associated with the testing programs?
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